ERYTECH Closes €10 Million Private Placement

Boston – December 14, 2016 – Cooley advised ERYTECH Pharma on a private placement of its ordinary shares to qualified investors in the United States and Europe. Total gross proceeds to ERYTECH were approximately €10 million.

ERYTECH, based in Lyon, France with US headquarters in Cambridge, is a clinical-stage biopharmaceutical company developing innovative therapies for rare forms of cancer and orphan diseases. Leveraging its proprietary ERYCAPS platform, which uses a novel technology to encapsulate therapeutic drug substances inside red blood cells, ERYTECH has developed a pipeline of product candidates targeting markets with high unmet medical needs. ERYTECH's ordinary shares are listed on Euronext Paris.

Cooley advised ERYTECH on its €25 million private placement in 2015.

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